Tom next

Definition:

Means to "tomorrow next". In the interbank market in Eurodollar deposits and the foreign exchange market, the value (delivery) date on a tom next transaction is the next business day.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Comissão do Mercado de Valores Mobiliários (CMVM)

Portugal's supervisory authority for the Portugese financial markets. Portugal's financial regulator.

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